I am not sure if you have noticed it yet or not, but it appears that in many parts of the country the market is starting to take a positive turn. …

Yesterday, a Realtor friend of mine presented to a group on how things are changing in the Denver market and the fact that the inventory on the market is shrinking every month.  He also shared that the difference between asking price and offer price on average is only 6%.  These are all positive signs that things are starting to move and there may be a larger pool of buyers starting to invest in the market.

This is something that is not only happening in the Denver market but in other markets as well.

The Wall Street Journal also reported similar positive information.  In February the supply of homes for sale in 29 major metro areas was down .4% from a month earlier.  Comparing this year to last year in these same areas inventory was down 14% over what was on the market last year.

Change in recent housing inventory

These are signs that as investors you need to watch for and be aware of.  Does it mean we have hit the bottom of the market?  I am not sure, but to me it means that people are starting to feel comfortable buying and also possibly that others have decided to stay put and don’t need to sell at this point.

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stefanie

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